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There comes a point in everybody’s life where they start thinking about making some extra money alongside their current job. The extra money could be for their retirement, for a dream holiday, to buy a new car or simply allow them to live a more luxurious lifestyle – buy more clothes, enjoy more meals out and be able to experience new things.
Making money alongside your career is very achievable when you put the time and energy into it. Depending on your budget, you can look to create an investment portfolio, you could look to get into property or you may want to run your own blog – it’s down to what interests you the most and what you think you will be best at.
Below we look into three ways to make money alongside your career.
Create an investment portfolio
When you ask about investment portfolios with your friends or family members, the chances are a few of them have looked into it and have one themselves. This is because having one can generate a healthy side income that you can use to support your life goals. If investing, it’s important to adhere to the regulations for full transparency, which is where GIPS consulting comes in. It can be confusing knowing all the right steps with investing, so speaking to an expert will ensure you’re compliant and give you a better reputation and chance of success.
Invest in property
Property is a great way to make money, however, it does require a big investment initially. You can go for a property that needs renovation and then sell it on after (This can take up a lot of your spare time) or you can purchase an affordable property and rent it out. The best way to know if this is right for you is to speak to a mortgage advisor as they will be able to assess your situation and explain the pros and cons. Investing in property is very popular and more often than not, you will find people investing in multiple properties as it can generate a healthy second income. If you enjoy investing in property, this could become a new career for you and you can become an entrepreneur.
Start your own blog
Blogs are becoming more and more popular as they give you a platform to share your opinion as well as a way to make some income on the side. Blogs generate money through affiliate links, page ads, sponsored posts and sponsored competitions. The amount they generate is down to how many views you get a day. As you can imagine, the more views you get each month, the more money that you will earn. A blog can be based on anything you are passionate about, it can be about health and fitness, marketing, finance, sports, cooking, cocktail blog – it’s down to what you will enjoy writing about the most.
There are so many ways to make money alongside your career. What it comes down to is you investing enough of your own time to make it happen – consistency is key to success! What tips would you suggest to someone trying to make some extra money? Which of the above tips do you think is the best? Is there anything we are missing that you think we should include? Let us know in the comment box below, we would love to hear from you.
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